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2307 W Chestnut St, Louisville, KY 40211

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For Sale

$799,900

26 beds • 11,866 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $67.41
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Scoop up this Fully Leased, 9-Unit Residential Portfolio that exceeds the 1% Rule. Attractively priced under $89k/unit, this package includes 7 SFHs, 1 Duplex and a Vacant Lot. This value-add investment opportunity comes with mostly long-term, M2M tenants at below-market rental rates that provides another investor with a strong basis to incrementally increase rents. Individually combined, these properties are worth an estimated $950k-$1M thus providing instant equity. This reasonable entry-point provides a solid foundation with stable returns to build upon, regardless if you're a seasoned investor or just entering the market. Don't miss out on this rare chance to acquire a fully rented, income-producing portfolio in a growing market. The 9 doors generate ~$8,381/month: 6216 Hackberry Way: $1,175/mo - tenant M2M since 2008 (3 Bed, 1 Bath, 925 sqft w/ newer roof, cabinets, flooring 2307 W Chestnut St (DUPLEX): $1,689/mo ($989 1st floor section 8; $700 2nd floor) 1414 S Floyd St: $897/mo (Sec 8) - tenant M2M since 2005 (2 Bed, 1 Bath, 810 sqft w/ no central HVAC) 1786 W Gaulbert St: $825/mo - tenant M2M (2 Bed, 1 Bath, 927 sqft w/ newer carpet, updated bath + kitchen, central HVAC, replacement windows) 2107 W Kentucky St: $895/mo (Sec 8) - tenant M2M since 2013 (3 Bed, 1.5 Bath, 1,422 sqft w/ newer roof, central HVAC, 1.5 car garage) 1826 W Hill St: $750/mo - tenant M2M since 1987 (4 Bed, 1 Bath, 1,608 sqft w/ older roof, no central HVAC) 2711 W Market St : $1,350/mo - tenant M2M (4 Bed, 2 Bath, 2,018 sqft w/ space to add 2 more bedrooms upstairs, 2 Car Garage, central HVAC, 2 car garage) 2723 Saint Xavier St: $900/mo - tenant M2M since 2021 (4 Bed, 1 Bath, 1,480 sqft w/ central HVAC, older roof) corner lot that includes 2725 Saint Xavier St (.07 acres) Owner would entertain selling properties into smaller packages. Most homes have newer windows, some roofs replaced and some have granite countertops. The owner has done a nice job keeping the majority of the homes in average or better condition, and addressing issues when they arise. Scoop up this package today to build your portfolio! Please do not approach properties or contact tenants. Buyer to verify any and all information including but not limited to lot size, square footage, structural, utilities, zoning, comparables, # of beds, # of baths, etc
MLS# 1687905

Courtesy Of Premier Real Estate Services

(502) 384-5944

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick, Vinyl Siding
  • Heating System
    Forced Air

Map and Directions

Directions to 2307 W Chestnut St, Louisville, KY 40211

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Copyright © 2025 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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